The Business Journal this week had a new rendering an article for Meridian II at 15th and K as well as a nice looking rendering. I had posted an earlier rendering a few months ago, but it def looks different now.
At first glance, it looks nice toward the top... but is that an exposed parking garage on the first few floors though? If so, I hate that.
As for tenants, Bullivant Houser Bailey Law Firm took up the remaining space at Meridian I, which thought that they would want to take more space at MII.
I wonder if CalTrans is going to strike up the band for this one too....
AKT reveals plans for proposed Meridian II office tower project
Developer hopes 24-story building's features will earn LEED certification
By Michael Shaw of The Sacramento Business Journal
Plans for the 24-story Meridian II office tower include a curved glass façade, a spire and a wall of plants.
A curved glass façade, a spire and a wall of plants seven stories high are a few of the design features divulged by AKT Investments Inc. and the Tsakopoulos family for their Meridian II office tower at 15th and K streets.
AKT expects to submit an application to the city of Sacramento within the week for the 24-story building at the southwest corner of that intersection, now an empty lot.
The owners say it will be the first privately funded and privately occupied "green" office building in Sacramento. They're aiming for silver certification under Leadership in Energy and Environmental Design (LEED) standards, a system that awards points for energy- and water-saving features.
"We're excited to be a part of the ongoing revitalization of downtown Sacramento," AKT president Eleni Tsakopoulos-Kounalakis said in a prepared statement. "We are pleased that Meridian Plaza II supports the vision of a vital downtown."
The building will have sun shading for the southern exposure to reduce air conditioning use, but it will also get points for its proximity to light rail.
While negotiations are continuing with possible tenants, none have signed on, the company said. It declined to disclose the estimated construction cost for the tower.
If history is any indication of future success, the 300,000-square-foot building should fare well compared to other downtown property.
Two new office towers are hitting the market on Capitol Mall, including Tsakopoulos Investments' 500 Capitol Mall building. Those buildings won't compete with Meridian II for the same tenants.
The Capitol Mall office market serves law firms and finance, while the area near Capitol Park sees lobbyists and other state-related tenants, said John Frisch, managing partner of Cornish & Carey Commercial's Sacramento office.
Capitol Park-area "buildings lease faster than the other parts of downtown," he said. "That type of demand -- I don't know if that continues, but the other buildings that have gone up, they've all outperformed the market in other areas."
They also have been smaller than the proposed Meridian II.
The site is adjacent to AKT's 12-story Meridian Plaza, which the company purchased in 2004. That building is entirely leased.
AKT is also renovating the building immediately to the west, 1414K St., the former home of Pacific Bell. That building is being turned into office lofts, also designed for tenants such as lobbyists and organizations that want close access to the Capitol.